MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently take advantage of a 20p differential however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been the UK sustainable biodiesel alliance.
Mr George stated "a number of little services in Cornwall currently make cash from utilized cooking oil".
He added: "In order to be able to get this kind of industry going it does need simply a little bit of lift which can be found in the type of tax foregone."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Valentin Zylstra edited this page 2025-01-18 09:23:22 +08:00